Binance Coin has gained over 300% last month

Binance, the leading crypto exchange

Binance is one of the largest crypto exchanges as of today. They launched back in 2017 when the market was still very young and has been having great success. With the launch of their exchange, they also released the Binance Coin (BNB). The purpose of the coin back then was to gain a fee discount for each transaction. You basically need to have BNB in your wallet, and then they will use that to pay for the fees if you have that setting enabled. It served and is serving its purpose well, but as of today, they have expanded with a complete eco-system for the coin with their own blockchain.

The Binance blockchain launched in 2019

When Binance launched their own blockchain back in 2019, they also migrated their Binance Coin over as the native coin. This has lead to a huge increase in the demand for the coin, and that’s one small reason of why the price has sky-rocketed the last month. As part of their blockchain, they have their own DEX that you can trade on, (the .com and .org are different sites but both owned by Binance). 

Binance Smart Chain launched in 2021

Binance Smart Chain is the biggest, and many people say it’s the main reason for the surge in price last months. BSC is a fork of the Ethereum chain with a few modifications on they verify the transactions. The way Binance choose to go has to lead to a decrease in the cost of gas, this has lead to a huge movement of people from Ethereum chain as well as new people joining in to be part of the new DeFi innovations like EverRise, SafeMOON, PancakeSwap, AutoFarm and more. If you want to be part of Binance Smart Chain we have a guide on how to join Binance Smart Chain.

How to buy Binance Coin?

Now that they have expanded into a whole eco-system, there are many ways to buy the Binance Coin. One of the easiest and most reliable places to buy it from is Binance themselves. They offer many different payment methods, including fiat with a regular credit/debit card. You will only have to sign-up for an account, and then you are good to go.

Sign-up on Binance now!

Note: We are not financial advisors, accountants or lawyers. Any information provided on this website or via emails is not intended as investment or financial advice. It is merely information based upon our own experiences. The information we present is of a general nature and should merely be used as a place to start your own research and you definitely should conduct your own due diligence. You should seek professional investment or financial advice before making any decisions.